SHA:600686 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	5,824	6,558	6,234	6,287	5,614	6,576
Short-Term Investments	-	963	1,269	74.66	271.39	71.57
Trading Asset Securities	2,049	1,608	2,048	1,996	1,586	2,526
Cash & Short-Term Investments	7,873	9,129	9,551	8,358	7,471	9,174
Cash Growth	5.20%	-4.42%	14.28%	11.87%	-18.56%	46.33%
Accounts Receivable	6,674	7,371	6,861	6,275	8,587	7,102
Other Receivables	235.98	248.51	252	216.36	449.51	224.49
Receivables	6,910	7,619	7,113	6,491	9,037	7,326
Inventory	2,841	2,846	2,063	2,221	2,696	2,537
Prepaid Expenses	-	45.65	45.17	72.76	-	56.57
Other Current Assets	2,412	377.21	374.81	231.07	618.81	260.78
Total Current Assets	20,036	20,017	19,148	17,374	19,823	19,355
Property, Plant & Equipment	3,119	3,142	3,385	3,476	3,698	3,832
Long-Term Investments	2,433	2,416	2,007	2,632	1,298	296.2
Goodwill	89.65	89.65	89.65	89.65	89.65	89.65
Other Intangible Assets	590.66	593.03	596.69	616.23	626.9	651.07
Long-Term Accounts Receivable	1,023	1,737	1,603	1,697	1,699	1,347
Long-Term Deferred Tax Assets	483.1	487.1	424.5	403.65	431.47	384.05
Long-Term Deferred Charges	20.54	19.78	18.6	21.72	25.7	30.48
Other Long-Term Assets	604.16	49.4	61.31	47.6	64.3	99.23
Total Assets	28,399	28,551	27,333	26,359	27,756	26,085
Accounts Payable	14,767	14,496	13,020	12,366	13,046	11,518
Accrued Expenses	414.18	1,161	956.87	597.62	623.17	508.05
Short-Term Debt	492.73	405.83	529.86	851.87	931.44	296.28
Current Portion of Long-Term Debt	1,076	1,402	619.71	1,454	891.16	940.86
Current Portion of Leases	-	12.54	35.56	34.37	30.33	26.7
Current Income Taxes Payable	24.65	7.06	5.25	21.31	5.36	0.86
Current Unearned Revenue	1,487	1,454	1,326	1,231	1,806	1,076
Other Current Liabilities	976.99	646.45	863.61	838.94	1,049	994
Total Current Liabilities	19,239	19,584	17,357	17,395	18,382	15,360
Long-Term Debt	2,783	2,737	3,993	3,190	3,203	3,908
Long-Term Leases	11.79	13.08	67.74	96.59	120	144.73
Long-Term Unearned Revenue	206.12	208.61	264.02	277.06	250.39	249.36
Long-Term Deferred Tax Liabilities	11.85	11.85	14.59	14.48	13.25	17.79
Other Long-Term Liabilities	1,638	1,659	1,331	1,296	1,309	1,332
Total Liabilities	23,889	24,213	23,027	22,270	23,278	21,012
Common Stock	717.05	717.05	717.05	717.05	717.05	717.05
Additional Paid-In Capital	1,228	1,228	1,381	1,381	1,385	1,387
Retained Earnings	1,671	1,521	1,131	998.75	937.55	1,420
Comprehensive Income & Other	18.35	15.95	20.05	30.05	528.91	530.22
Total Common Equity	3,634	3,482	3,249	3,127	3,569	4,054
Minority Interest	875.69	855.99	1,056	962.62	909.12	1,019
Shareholders' Equity	4,510	4,338	4,306	4,090	4,478	5,073
Total Liabilities & Equity	28,399	28,551	27,333	26,359	27,756	26,085
Total Debt	4,363	4,570	5,246	5,627	5,176	5,317
Net Cash (Debt)	3,510	4,559	4,305	2,731	2,295	3,858
Net Cash Growth	66.71%	5.89%	57.63%	19.01%	-40.51%	22.10%
Net Cash Per Share	4.79	6.33	6.00	3.27	3.44	5.77
Filing Date Shares Outstanding	717.05	717.05	717.05	717.05	717.05	717.05
Total Common Shares Outstanding	717.05	717.05	717.05	717.05	717.05	717.05
Working Capital	796.94	433.01	1,791	-20.68	1,441	3,995
Book Value Per Share	5.07	4.86	4.53	4.36	4.29	4.96
Tangible Book Value	2,954	2,799	2,563	2,421	2,852	3,313
Tangible Book Value Per Share	4.12	3.90	3.57	3.38	3.29	3.93
Buildings	-	3,075	3,074	2,983	2,940	2,495
Machinery	-	3,635	3,459	3,421	3,403	2,746
Construction In Progress	-	131.33	213.94	103.34	42.64	1,009

Source: S&P Global Market Intelligence. Standard template. Financial Sources.